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Niftytrend

Fibonacci sequence drawn on recent peak/bottom shows upsideThe Fibonacci sequence when drawn on recent peak and valley is showing a decent upside still if a major trend line resistance near 24967 is crossed and we get a closing above it. In such a scenario the peak of the current up trend seems to be near 25593. We have got a decent closing above an important fibonacci level of 24707. This becomes an important support now. Below 24707 the significant support levels are 24091, 23931, 23757 (50 days EMA, Mother line)(Read my book The Happy Candles Way available on Amazon to understand more about the Mother father and the small child concept/story.) If we get a closing below 23757, 23400 and 22814 are major support before we hit 200 day EMA or father line at 22088(Below which Bears will be in full power but we are far away from that zone as of now).
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL BELOW - 24780 SL - 24930 TARGETS - 24930,25000,25080 NO TRADE ZONE - 24780 to 24860 Previous Day High - 24860 Previous Day Low - 24440 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
4
#nifty50 analysis for upcoming week 29th July-2nd Aug 2024Nifty roars to new heights, scaling a weekly peak of 24,830, a sizzling 300 points above the prior week's close. This bullish run, marked by a high of 24,861 and a low of 24,074, was anticipated by many. As predicted, the Union Budget unleashed a wave of volatility, with the Nifty diving 2% initially due to increased LTCG, STCG, and the removal of indexation benefits. Yet, the index swiftly recovered, mirroring the market's resilience. This volatility created golden opportunities for savvy investors. Stocks like IRFC and IRB plunged by 20-30% on budget day, only to rebound sharply, indicating a rush to capitalize on these dips. Nifty has been tightly confined between 25,000 and 23,950, a range it's respected diligently. For the upcoming week, I expect a trading band of 25,400 to 24,300. A breakout from either end promises exciting fireworks. While the daily chart shows some weakness, the weekly and monthly trends remain robust. A decisive close above 24,900 next week could ignite a rally towards 26,300. However, the looming RBI policy announcement on August 8th casts a shadow, potentially triggering another round of selling. Until then, the bullish undercurrent is likely to persist.
NSE:NIFTY
by ssudhirsharma11
NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders, I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that... NSE:NIFTY As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction. Here are the technical details: I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023) II. Resistance II: 25,120 (Extended trend line from June 1, 2022) III. Resistance III: 25,460 (Extended trend line from January 24,2024). ***Please note that these values are not actual but indicative levels of support and resistance. A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly. Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious! Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves. Strategy: Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising). Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance. =========================================================== Dear Traders, If you appreciate my work, please don’t forget to like and follow me. I would also love to hear your thoughts on this idea in the comments section and will be delighted to respond to each one. Thank you for reading the article. HAPPY TRADING
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 26TH JULY 2024BUY ABOVE - 24440 SL - 24360 TARGETS - 24530,24530,24590 SELL BELOW - 24360 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24360 to 24440 Previous Day High - 24440 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Positive from today: RSI getting stronger, Trendline crossed.Support and resistances for Nifty almost remain the same after action today but the positives are that RSI is getting stronger, Trendline resistance is crossed and an additional support at 24210 is gained. The obstacle still remains at Mother Line that is 50 hours EMA currently at 24455. For Nity to be bullish we need a closing first above 24455 and then above 24525. Supports For Nifty: 24307, 24210 and zone between 24094 and 24074 is very strong support zone as it includes Father line (200 Hours EMA.) Resistances for Nifty: 24455 (50 hours EMA or Mother Line), 24525, 24584, 24686 and finally 24842. Note:- To know more about Father mother and the small child story and it's connection to 50 and 200 EMA read The Happy Candles Way to Wealth creation available on Amazon. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 25 JULY 2024BUY ABOVE - 24480 SL - 24440 TARGETS - 24530,24590,24660 SELL BELOW - 24400 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24400 to 24480 Previous Day High - 24480 Previous Day Low - 24310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Tale of 2 cities. Unseeing this would be difficult once you see this. The rage that I have drawn here is an exact 3000 point expansion in Nifty spot and Nifty Fut. Both are trading in the top quadrant. 100% and 50 % and both curiously the same: 24841 and 24100. I am not taking sides. If it breaks lower, it could test 24100 again. If not, it could either consolidate in the upper quadrant OR break higher. The run up to the budget had huge expectation of Capex in infra, railways, shipbuilding and fertilizer stocks. We need to see how they fare tomorrow. I am not sure what the industry expectations were. I will watch out for these levels to take trades. One Key parameter I follow is advance decline ration. That has improved to 962:1374 today. Should I look UP? I don't know Should I look down? I really don't know. The 2 cities to watch out for are 24841 and 24100.
NSE:NIFTY
by OldMonk13
NIFTY INTRADAY LEVELS FOR 24/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24440 SL - 24480 TARGETS - 24400,24350,24230 NO TRADE ZONE - 24440 to 24530 Previous Day High - 24590 Previous Day Low - 24070 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY BUDGET DAY ANALYSIS 23/07/2024BUY ABOVE - 24530 SL - 24480 TARGETS - 24590,24660,24730 SELL BELOW - 24480 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24480 to 24530 Previous Day High - 24590 Previous Day Low - 24350 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Market tried to recover after forming a temporary bottom 24362.Market tried to stage a recovery after forming a temporary bottom near at 24362 to close at 24509. The recovery was good 147 points from lows of the day but ended just below 50 hours EMA Mother line which is at 24527. Closing above 24527 can help further recovery. Supports for the Nifty remain at 24465 and 24362. If 24362 is broken the only substantial support will be 24140 and Father line (200 hours EMA at 24021). Resistances on the upper side are 24527 (high and mighty Mother line of 50 Hours EMA also a trend line resistance) followed by 24587, 24660 and 24734. 24854 is the final number to conquer before we can reach 25K. To know more about Mother and Father line resistance/support and other aspects of investing please buy and read The Happy Candles Way to wealth creation. (Book Available on Amazon). With First budget of NDA 3.0 tomorrow there are chances of volatility as market expectations are high and there is also a fear of additional STT. There is also lingering action pending on F&O trades about which both finance ministry and RBI are apprehensive. It will be interesting to see what action is taken on this front. Additionally sectors like FMCG, Health care, Energy, Railway, Fertilizers, Pharma, Speciality Chemicals, Metal and IT also have lot of expectations from the budget. Policy around EVs can also help or disharten Auto sectors. Infra, Defense and Reality space will also be looking at the budget with beating heart. This is seen as make or break budget in many ways for the market with impeding correction looming large. Overall market is expectant with possibilities of lot of sectoral trends emerging from the upcoming budget tomorrow. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 22/07/2024BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24730,24780 SELL BELOW - 24490 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24490 to 24590 Previous Day High - 24830 Previous Day Low - 24490 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP